The exchange rate increases when there is a decrease in the demand for bonds.
a. true
b. false
Ans: a. true
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What type of market exhibits product differentiation?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
Mikki works five hours at a DVD store the night before her economics exam. She earns $75, but her exam score is 10 points lower than it would have been had she stayed home and studied. Her opportunity cost of working is the
a. five hours she worked b. $75 she earned c. 10 points she lost on her exam d. time she could have spent studying e. zero, because she made an economic choice from among her several possibilities
One study of the distribution of wealth indicates that the bottom 40 percent of households hold 1 percent or less of total marketable wealth in the United States. Which of the following people is most likely to be in the bottom 40 percent?
A. Debra is 45 years old, and the only money she gets is $40,000 of rental payments from an apartment building she owns that is worth $250,000. She owes the bank $50,000. B. Betty is 29 years old, earns $40,000 a year, has $80,000 in a savings account, and has credit card debt of $4,000. C. Carol is 69 years old, is disabled, and is living on Social Security and dividends from her $500,000 of mutual funds. She has no debt. D. Ann is 29 years old, earns $120,000 a year, has no financial assets, but still has student loans of $4,000.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. B. at any of the labeled points, as all of the points represent an efficient allocation of resources. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.